Why Did Navitas Semiconductor Explode Higher Today?

To understand Navitas today, you might want to take a look at Texas Instruments stock

However, A funny thing happened to Navitas Semiconductor (NVTS 31

ET after announcing its earnings report date: Aug

Meanwhile, Read that again

Navitas stock jumped after saying that it would report earnings on Aug. 4, not what it would report

However, Yet despite not knowing whether next month's earnings news will be good or bad, investors are buying the stock hand over fist

Image source: Getty Images

What will Navitas report for earnings

Moreover, On the other hand, Is the announcement of an earnings release date the only reason Navitas stock soared today, in today's financial world

This leads to the conclusion that re could be rumors out there, floating around on Wall Street, of which I'm unaware, amid market uncertainty

However, One clue that might help: Seaport Global Securities upgraded Navitas's larger rival, Texas Instruments (TXN -0, considering recent developments

In a note covered on StreetInsider

Com, Seaport analyst Jay Goldberg ed: "We thought the analog inventory cycle was not going to imve, and the macroeconomy was slowing

While we see no strong catalysts, it now appears conditions will not deteriorate, and inventories may start to imve. " Is Navitas stock a buy

Investors might be taking those s and running with them, assuming that if Seaport is no longer a sell, then maybe Navitas stock is worth buying

If that's the case, though, they might want to rethink

Additionally, Navitas lost money in four of the past five years, and analysts polled by S&P Global Market Intelligence see Navitas losing money for the next four years as well

Moreover, Navitas still looks a sell to me

Rich Smith has no position in any of the stocks mentioned (noteworthy indeed)

Moreover, The Motley Fool has positions in and recommends Texas Instruments

Furthermore, Nevertheless, The Motley Fool has a disclosure policy.